A Department of Energy (DOE) official has reportedly claimed that banks “are queuing” to fund renewables projects in electricity-starved South Africa, but acknowledged that the delays to first-round projects – allocated last December – are the fault of the government.
Many first-round winners, such as France’s Soitec, have expressed frustration that despite nailing down financing commitments, they have yet to receive power-purchase agreements (PPAs) from state-owned utility Eskom.
The
